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Business & Finance

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Technical due diligence wraps up for what will be world's longest HVDC subsea cable
Business & Finance

Technical due diligence wraps up for what will be world’s longest HVDC subsea cable

Energy and marine consultancy ABL has completed technical due diligence for what is expected to become the world’s longest HVDC subsea cable once it connects the UK and Morocco. The Xlinks Morocco-UK power plant includes the development of a commercial-scale renewable energy project in Morocco, harn

about 2 years ago
Illustration; Source: Petronas
Business & Finance

Petronas takes steps to unlock more hydrocarbons in Indonesian waters

Petronas has penned a new production sharing contract (PSC) and prolonged an existing one off the coast of Indonesia to assist the country in bringing more hydrocarbons to the surface.

about 2 years ago
Illustration; Source: Petrobras
Business & Finance

Petrobras sets its cap on 14 new FPSOs by 2028 but decarbonization bells and whistles are a must for all

Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years.

about 2 years ago
Under 'significant' contract, TechnipFMC to deliver fully integrated project for Australian energy giant
Business & Finance

Under ‘significant’ contract, TechnipFMC to deliver fully integrated project for Australian energy giant

Australian energy giant Woodside Energy has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract to support ongoing production from an LNG project in Australia. Under the contract described as “significant”, TechnipFMC will design, manufactu

about 2 years ago
AHTS Siem Emerald; Source: Siem Offshore
Business & Finance

Norwegian shipping player’s vessel going to South America

Sea1 Offshore, former Siem Offshore, has won a deal in South America with an undisclosed company for one of its anchor handling tug supply (AHTS) vessels.

about 2 years ago
Illustration; Source: Soiltech
Business & Finance

Norwegian firm wins work on semi-sub offshore Mauritania

Norway-based cleantech service provider Soiltech has landed a new contract with Tullow Oil for operations off the coast of Mauritania.

about 2 years ago
DFDS
Business & Finance

DFDS to splurge €1B on battery electric ships for the Channel

DFDS has unveiled a €1 billion investment in battery electric vessels to decarbonize maritime traffic in the English Channel.

about 2 years ago
Japanese start building UK's first HVDC cable factory
Business & Finance

Japanese start building UK’s first HVDC cable factory

Japan-headquartered Sumitomo Electric has kicked off the construction of its subsea cable factory in Scotland, set to supply critical elements for the reinforcement of the UK electricity transmission grid and for connecting renewable energy production facilities to the grid. Sumitomo Electric held t

about 2 years ago
Depsea Yantai rig; Source: Neptune Energy
Business & Finance

Polish oil & gas firm gearing up for drilling ops offshore Norway

PGNiG Upstream Norway has received consent to deploy one of the Odfjell Drilling-managed rigs for exploration activities in the Norwegian Sea.

about 2 years ago
ADNOC Drilling
Business & Finance

With $1.7 billion in the bag, ADNOC Drilling creates new player to drill 144 unconventional oil & gas wells

ADNOC Drilling has got a hold of a $1.7 billion contract to unlock the country’s unconventional oil and gas resources.

about 2 years ago
CSL
Business & Finance

CSL biofuel program makes a comeback

Canadian shipping company Canada Steam Ship Lines (CSL) has teamed up with compatriot fuel provider Canada Clean Fuels to power eight of its ships with North American-sourced B100 biodiesel.

about 2 years ago
Finder Energy's existing licenses in the UK North Sea; Source: Finder Energy
Business & Finance

Australian firm gets its hands on two licenses in UK’s 33rd oil & gas round

The NSTA has offered Australia’s Finder Energy two licenses in the final tranche of Britain’s 33rd offshore licensing round.

about 2 years ago
Illustration of an offshore wind platform collaborative with wave energy technology
Business & Finance

€2.5M investment program open for testing marine renewable energy technologies

Energiaren Euskal Erakundea / Ente Vasco de la Energía (EVE) has promoted an investment support program for the demonstration and validation of emerging marine renewable energy technologies that is open for applications until June 19, 2024.

about 2 years ago
Deepwater Gunashli platform; Source: BP
Business & Finance

BP restarts oil production at offshore platform in Azerbaijan ahead of schedule

BP has wrapped up planned maintenance works at one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan earlier than expected.

about 2 years ago
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